Economic Development News

ABB Installation Products, a global technology leader in electrification and automation, has opened a new $40 million manufacturing facility in Albuquerque, New Mexico, to meet rising demand for electrical solutions. This expansion has added more than 150 full-time...

Mid South Extrusion is investing $12.5 million to add two new polyethylene extrusion lines at its flexible film and bag manufacturing facility in Monroe, Louisiana, marking its second expansion following a $17 million investment for two similar production lines...

The New Jersey Economic Development Authority has provided over $104 million in gap financing to support the construction of Nokia Bell Labs’ R&D tower, the second phase of the HELIX NJ project located at the former Ferren Mall site. This incentive follows a $271...

In a move to boost local economic development, the Tomball City Council of Texas has approved several performance-based incentive agreements with businesses, aimed at supporting growth through retention grants, rental incentives, infrastructure grants, and job...

The Shapiro Administration is investing $20 million through its Main Street Matters initiative to revitalize downtowns, boost business growth, and improve community infrastructure. The funding will be distributed across 81 projects throughout Pennsylvania, including...

Following President Trump's announcement of a 145% tariff on products from China, the White House recently stated that smartphones, computers, and other electronic devices and components including semiconductors, solar cells, flat panel TV displays, flash drives,...

The South Dakota Governor’s Office of Economic Development (GOED) Board of Economic Development has approved several projects that will receive grants totaling over $6.2 million, contribute $419 million in capital expenditures to the state, and create 180 new jobs....

Flock Safety is investing $10 million to open a 97,000-square-foot manufacturing facility in Smyrna, Georgia, which is expected to generate 210 jobs over the next three years. The facility will produce advanced public safety tools, including Drone as First Responder...

Bailey Manufacturing Company (BMC), a stamped metal automotive parts manufacturer, will invest $4.3 million to open a new production facility in Laurinburg, North Carolina, creating 35 new jobs. The expansion will double the company’s production capacity and enhance...